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In the current admin's defense, that is a terrible pair of major exports in a world that has already started to move away from Globalism. You can't maintain th
by fastball 2y ago
In the current admin's defense, that is a terrible pair of major exports in a world that has already started to move away from Globalism.
You can't maintain that if the primary "consumers" of those exports are not actual allies.
- jqpabc123 2y agoYou can't maintain that if the primary "consumers" of those exports are not actual allies. Yes, all the more reason why attacking our allies is pure insanity. A lot of the countries we just attacked in the "trade war" are the same ones who buy our Treasury bonds. "Tariff Man" failed to make this obvious connection until after it was demonstrated to him. T-Bill yields jumped half a percent in a week after he made a complete fool of himself with "Liberation Day" in the WH rose garden. With one act of utter stupidity, "Tariff Man" cost the country more than DOGE has saved.
- fastball 2y agoOh for sure, they're not doing a good job. My point is only that I don't believe the status quo was maintainable, so "they could've just maintained the status quo" isn't a good position either.
- jqpabc123 2y agoMy point is that something demonstrably worse than the "status quo" is actually regression --- the opposite of progress --- one of the dumbest possible positions. In other words, unforced economic suicide is certainly an option to end the status quo --- but not a very good/desirable one.